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FEDERAL SIGNAL CORP（FSS）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是FEDERAL SIGNAL CORP的1.1倍（$663.4M vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -1.0%，领先11.1%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -3.0%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $28.3M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -3.0%）
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
FSS vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.1倍
$597.1M
营收增速更快
FSS
高出29.5%
-3.0%
净利率更高
FSS
高出11.1%
-1.0%
自由现金流更多
FSS
多$61.2M
$28.3M
两年增速更快
FSS
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $663.4M |
| 净利润 | $60.8M | $-6.4M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | 2.5% |
| 净利率 | 10.2% | -1.0% |
| 营收同比 | 26.5% | -3.0% |
| 净利润同比 | 21.6% | -868.1% |
| 每股收益（稀释后） | $0.99 | $-0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FSSVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $597.1M | $712.0M | ||
| Q3 25 | $555.0M | — | ||
| Q2 25 | $564.6M | $673.8M | ||
| Q1 25 | $463.8M | $665.2M | ||
| Q4 24 | $472.0M | $683.8M | ||
| Q3 24 | $474.2M | $684.3M | ||
| Q2 24 | $490.4M | $698.2M |
净利润FSSVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $60.8M | $-12.5M | ||
| Q3 25 | $68.1M | — | ||
| Q2 25 | $71.4M | $-676.0K | ||
| Q1 25 | $46.3M | $-27.8M | ||
| Q4 24 | $50.0M | $832.0K | ||
| Q3 24 | $53.9M | $-2.3M | ||
| Q2 24 | $60.8M | $5.0M |
毛利率FSSVSTS
| Q1 26 | — | — | ||
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.2% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | — |
营业利润率FSSVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 14.0% | 2.5% | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 17.3% | 3.7% | ||
| Q1 25 | 14.2% | -1.3% | ||
| Q4 24 | 14.9% | 4.4% | ||
| Q3 24 | 16.0% | 4.4% | ||
| Q2 24 | 16.5% | 5.4% |
净利率FSSVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 10.2% | -1.8% | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 12.6% | -0.1% | ||
| Q1 25 | 10.0% | -4.2% | ||
| Q4 24 | 10.6% | 0.1% | ||
| Q3 24 | 11.4% | -0.3% | ||
| Q2 24 | 12.4% | 0.7% |
每股收益（稀释后）FSSVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $0.99 | $-0.10 | ||
| Q3 25 | $1.11 | — | ||
| Q2 25 | $1.16 | $-0.01 | ||
| Q1 25 | $0.75 | $-0.21 | ||
| Q4 24 | $0.80 | $0.01 | ||
| Q3 24 | $0.87 | $-0.02 | ||
| Q2 24 | $0.99 | $0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $63.7M | $41.5M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $864.4M |
| 总资产 | $2.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资FSSVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $63.7M | $29.7M | ||
| Q3 25 | $54.4M | — | ||
| Q2 25 | $64.7M | $23.7M | ||
| Q1 25 | $57.5M | $28.8M | ||
| Q4 24 | $91.1M | $18.6M | ||
| Q3 24 | $73.7M | $31.0M | ||
| Q2 24 | $48.6M | $29.1M |
总债务FSSVSTS
| Q1 26 | — | — | ||
| Q4 25 | $564.6M | $1.2B | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | — | ||
| Q3 24 | $223.3M | $1.2B | ||
| Q2 24 | $248.8M | — |
股东权益FSSVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $1.4B | $865.6M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $882.2M | ||
| Q1 25 | $1.2B | $876.3M | ||
| Q4 24 | $1.2B | $899.6M | ||
| Q3 24 | $1.1B | $903.1M | ||
| Q2 24 | $1.1B | $901.2M |
总资产FSSVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.7B | $2.9B | ||
| Q2 24 | $1.7B | $3.1B |
负债/权益比FSSVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 1.35× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.19× | 1.29× | ||
| Q2 24 | 0.23× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $97.2M | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $28.3M |
| 自由现金流率自由现金流/营收 | 15.0% | 4.3% |
| 资本支出强度资本支出/营收 | 1.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $227.1M | $45.0M |
8季度趋势，按日历期对齐
经营现金流FSSVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $97.2M | $30.9M | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $59.7M | $22.9M | ||
| Q1 25 | $36.7M | $6.7M | ||
| Q4 24 | $90.6M | $3.8M | ||
| Q3 24 | $68.8M | $295.6M | ||
| Q2 24 | $40.6M | $48.7M |
自由现金流FSSVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $89.5M | $15.6M | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | $8.0M | ||
| Q1 25 | $31.1M | $-6.9M | ||
| Q4 24 | $82.1M | $-11.0M | ||
| Q3 24 | $60.9M | $267.5M | ||
| Q2 24 | $24.8M | $27.7M |
自由现金流率FSSVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 15.0% | 2.2% | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | 1.2% | ||
| Q1 25 | 6.7% | -1.0% | ||
| Q4 24 | 17.4% | -1.6% | ||
| Q3 24 | 12.8% | 39.1% | ||
| Q2 24 | 5.1% | 4.0% |
资本支出强度FSSVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | 2.2% | ||
| Q1 25 | 1.2% | 2.0% | ||
| Q4 24 | 1.8% | 2.2% | ||
| Q3 24 | 1.7% | 4.1% | ||
| Q2 24 | 3.2% | 3.0% |
现金转化率FSSVSTS
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | 4.54× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | 9.66× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
